S1E74: Why are buyers willing to pay $900,000 for 3-room resale HDB flats?

At least four three-room resale Housing Board flats were sold for between $900,000 and $935,000 in the first 11 months of 2025. What’s driving these eye-watering prices for smaller units, and how does this affect buyers who see three-room units as an accessible way to own a first home?  Synopsis: Join Natasha Ann Zachariah at The Usual Place every Thursday as she unpacks the latest current affairs with guests. In this episode of The Usual Place, host Natasha Ann Zachariah speaks with Mr Nicholas Mak, chief research officer at property portal Mogul.sg, and Mr Patrick Chee, property agent and founder of real estate portal Homeseller SG. Highlights (click/tap above): 1:49 Million-dollar 3-room HDB flat to happen “in the next ‘bull run”: Patrick Chee 6:13 Who buys pricey 3-room HDB flats?  8:34 Majority of 3-room HDB flat are still transacted in the range of $500,000 15:14 Property prices outlook 21:36 Previous property bubbles  30:32 Does sentiment play a role in flat prices Follow The Usual Place podcast on IG: https://www.instagram.com/theusualplacepodcast Follow Natasha on LinkedIn: https://str.sg/v6DN Filmed by: Studio+65 Edited by: Teo Tong Kai, Eden Soh and Chen Junyi Executive producers: Danson Cheong & Elizabeth Khor Editorial producer: Lynda Hong Follow The Usual Place Podcast and get notified for new episode drops every Thursday: Channel: https://str.sg/5nfm Apple Podcasts: https://str.sg/9ijX Spotify: https://str.sg/cd2P YouTube: https://str.sg/theusualplacepodcast Feedback to: [email protected] SPH Awedio app: https://www.awedio.sg --- Follow more ST podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7 Get more updates: http://str.sg/stpodcasts --- Get The Straits Times app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB Google Play: https://str.sg/icyX -- #tup #tuptrSee omnystudio.com/listener for privacy information.